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I found a 180 loophole to income-based repayment schemes
| Sooty Odious Old Irish Cottage Mental Disorder | 03/14/19 |
| pontificating native | 03/14/19 |
| Sooty Odious Old Irish Cottage Mental Disorder | 03/14/19 |
| pontificating native | 03/14/19 |
| Talented volcanic crater senate | 06/24/19 |
| Copper Wild French Chef National | 06/25/19 |
| Swashbuckling hideous trust fund den | 06/25/19 |
| plum heady antidepressant drug | 01/06/21 |
| well-lubricated crotch | 03/09/23 |
| Sooty Odious Old Irish Cottage Mental Disorder | 04/22/19 |
| milky puppy trump supporter | 06/24/19 |
| supple deep theater coldplay fan | 06/24/19 |
| plum heady antidepressant drug | 01/06/21 |
| Sooty Odious Old Irish Cottage Mental Disorder | 06/25/19 |
| plum heady antidepressant drug | 01/06/21 |
| irradiated garnet legal warrant | 06/24/19 |
| Massive Cream Step-uncle's House | 06/24/19 |
| milky puppy trump supporter | 06/24/19 |
| supple deep theater coldplay fan | 06/24/19 |
| irradiated garnet legal warrant | 06/24/19 |
| supple deep theater coldplay fan | 06/24/19 |
| milky puppy trump supporter | 06/24/19 |
| Sooty Odious Old Irish Cottage Mental Disorder | 06/25/19 |
| floppy mischievous parlour | 07/28/19 |
| Swashbuckling hideous trust fund den | 06/25/19 |
| free-loading stimulating stain | 06/24/19 |
| irradiated garnet legal warrant | 06/24/19 |
| free-loading stimulating stain | 06/24/19 |
| wine preventive strike | 06/24/19 |
| Harsh ladyboy | 06/24/19 |
| Sooty Odious Old Irish Cottage Mental Disorder | 06/25/19 |
| judgmental misunderstood hell | 06/24/19 |
| galvanic heaven | 06/24/19 |
| pearly costumed trailer park | 06/24/19 |
| milky puppy trump supporter | 06/25/19 |
| Copper Wild French Chef National | 06/25/19 |
| dull toilet seat mad cow disease | 06/25/19 |
| well-lubricated crotch | 03/09/23 |
| Sooty Odious Old Irish Cottage Mental Disorder | 07/28/19 |
| gold blathering deer antler abode | 07/28/19 |
| Sooty Odious Old Irish Cottage Mental Disorder | 08/24/22 |
| motley black woman ticket booth | 08/24/22 |
| hairraiser nowag azn | 08/24/22 |
| Sooty Odious Old Irish Cottage Mental Disorder | 03/09/23 |
Poast new message in this thread
Date: March 14th, 2019 8:49 PM Author: Sooty Odious Old Irish Cottage Mental Disorder tl;dr Income is calculated post-401k contribution, so max your 401k in the month you use to certify income
The income-based programs allow you to use a paystub to certify income and use taxable income to estimate your income.
What I did was max out my 401k one month: I make $14.5k/month (paid monthly), and Vanguard maxes out at 75%, so put up about 10k into my 401k, leaving my monthly income as ~$4.5k. I submitted this paystub to the loan servicer and now have a ~$200/mo payment.
This is 180 because even if I go the entire 25 years, it doesn't come close to my total loan value. Also, time value of money and I also expect further loan relief. Worst case scenario I get rich and have to pay back my loan. |
Date: March 14th, 2019 8:50 PM Author: pontificating native LJL at proles who have to repay loans. (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#37932659) |
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Date: March 14th, 2019 8:51 PM Author: Sooty Odious Old Irish Cottage Mental Disorder Actually it's incredibly prestigious to let the government pay hundreds of thousands on your behalf and then stiff the government on the repayment. (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#37932664) |
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Date: March 14th, 2019 8:52 PM Author: pontificating native (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#37932669) |
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Date: June 24th, 2019 10:35 PM Author: Talented volcanic crater senate (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435257) |
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Date: June 25th, 2019 11:26 AM Author: Copper Wild French Chef National (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437252) |
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Date: June 25th, 2019 11:41 AM Author: Swashbuckling hideous trust fund den (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437328) |
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Date: January 6th, 2021 12:17 PM Author: plum heady antidepressant drug (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#41688316) |
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Date: March 9th, 2023 7:26 PM Author: well-lubricated crotch (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#46031448) |
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Date: April 22nd, 2019 7:50 PM Author: Sooty Odious Old Irish Cottage Mental Disorder Elizabeth Warren bump (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38126710) |
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Date: June 24th, 2019 9:52 PM Author: milky puppy trump supporter So fraud. Would bet the house you're Jewish (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435038) |
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Date: June 24th, 2019 9:54 PM Author: supple deep theater coldplay fan the entire system is fraud on multiple levels (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435041) |
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Date: January 6th, 2021 12:18 PM Author: plum heady antidepressant drug (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#41688319) |
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Date: June 25th, 2019 11:39 AM Author: Sooty Odious Old Irish Cottage Mental Disorder (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437321) |
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Date: January 6th, 2021 12:18 PM Author: plum heady antidepressant drug Just pay back money so bantu kikes can enjoy a healthy treasury Eat shit |
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Date: June 24th, 2019 9:57 PM Author: irradiated garnet legal warrant it's not a loophole. you're supposed to report material changes in your income. you don't think that your income going up by 300% the next month is a material change? (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435049) |
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Date: June 24th, 2019 10:15 PM Author: Massive Cream Step-uncle's House (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435145) |
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Date: June 24th, 2019 10:16 PM Author: milky puppy trump supporter He's Jewish. I've heard this "loophole" logic used to justify various forms of fraud (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435159) |
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Date: June 24th, 2019 10:26 PM Author: supple deep theater coldplay fan OY VEY PAY UP UR SHEKELS! (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435215) |
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Date: June 24th, 2019 10:27 PM Author: irradiated garnet legal warrant jews being jews doesn't justify fraud. have some integrity. (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435222) |
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Date: June 24th, 2019 10:27 PM Author: supple deep theater coldplay fan OY VEY ITS ANNODAH SHOAH! (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435226) |
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Date: June 24th, 2019 10:32 PM Author: milky puppy trump supporter https://www.google.com/amp/s/amp.app.com/amp/740083002
Loophole or nah? |
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Date: June 25th, 2019 2:09 PM Author: Sooty Odious Old Irish Cottage Mental Disorder (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38438246) |
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Date: July 28th, 2019 4:27 PM Author: floppy mischievous parlour (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38601731) |
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Date: June 25th, 2019 11:41 AM Author: Swashbuckling hideous trust fund den (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437336) |
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Date: June 24th, 2019 10:29 PM Author: free-loading stimulating stain What is the largest percent that is immaterial friend? (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435238) |
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Date: June 24th, 2019 10:37 PM Author: irradiated garnet legal warrant (110 iq redditor asking "but where do we draw the line?") (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435274) |
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Date: June 24th, 2019 11:03 PM Author: free-loading stimulating stain No (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435416) |
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Date: June 24th, 2019 10:38 PM Author: wine preventive strike 25% is pushing it (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435284) |
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Date: June 24th, 2019 11:07 PM Author: Harsh ladyboy cr, this faggot needs to be prosecuted (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435434) |
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Date: June 25th, 2019 11:39 AM Author: Sooty Odious Old Irish Cottage Mental Disorder You misunderstand this checkbox on the income certification form.
I ALWAYS check the "my income has significantly changed" box so that they let me use paystubs to calculate income instead of tax returns.
You only have to certify once a year. You have the option of certifying again (say if you lost your job or similar), but are not required to. Hilariously, if your income changes upward, you still can pay the lower rate the rest of the year. Income based repayment is a "heads I win, tails you lose" program. |
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Date: June 24th, 2019 10:29 PM Author: judgmental misunderstood hell 180 (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435240) |
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Date: June 24th, 2019 10:36 PM Author: galvanic heaven Happy purim (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435262) |
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Date: June 24th, 2019 11:04 PM Author: pearly costumed trailer park (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38435422) |
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Date: June 25th, 2019 11:22 AM Author: milky puppy trump supporter (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437225) |
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Date: June 25th, 2019 11:26 AM Author: Copper Wild French Chef National There are all sorts of schemes like this...its 180 (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437255) |
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Date: June 25th, 2019 11:28 AM Author: dull toilet seat mad cow disease Bookmarking for later (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38437264) |
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Date: March 9th, 2023 7:28 PM Author: well-lubricated crotch (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#46031460) |
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Date: July 28th, 2019 3:30 PM Author: Sooty Odious Old Irish Cottage Mental Disorder They are cracking down on income based repayment fraud, luckily they are getting at the dumb goyim who claim 30 dependents: https://abcnews.go.com/amp/Politics/wireStory/feds-find-potential-fraud-student-loan-repayment-plans-64575667
Still riding this loophole, but currently have $0 payments for the next year because I had a brief lapse of employment and recalculated income during this period lol. |
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Date: July 28th, 2019 4:25 PM Author: gold blathering deer antler abode (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#38601728) |
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Date: August 24th, 2022 9:00 PM Author: Sooty Odious Old Irish Cottage Mental Disorder (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#45065702) |
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Date: August 24th, 2022 9:05 PM Author: motley black woman ticket booth This works if your annual income contains a large bonus every year. It makes sense as well because you can’t guarantee you’ll have a giant bonus next year so you certify based on your lower income like you would on child support (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#45065720) |
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Date: August 24th, 2022 10:03 PM Author: hairraiser nowag azn More POWERFUL hack: lose your job and get on unemployment. Update/recertify your income using your unemployment checks as your basis. Enjoy like a $30/month payment for a year. Rinse and repeat as needed. Thanks libs! (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#45065984) |
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Date: March 9th, 2023 7:25 PM Author: Sooty Odious Old Irish Cottage Mental Disorder (http://www.autoadmit.com/thread.php?thread_id=4221025&forum_id=2#46031443) |